Most investments were directed to the office real estate segment, followed by logistics and retail real estate.
Investment volumes in commercial real estate in Slovakia, but also in the neighboring Czech Republic and Hungary, increased significantly in the third quarter. This follows from the current report of the global real estate consulting company CBRE.
According to him, the volume of investments in real estate in Central and Eastern Europe rose to the level of 1.37 billion euros. Compared to the second quarter, this is an increase of 40 percent. Year-on-year, however, the total investment volume this year is 50 percent lower than in 2022, according to CBRE.
"A total of 82 transactions were concluded during the third quarter of this year. Their average volume reached the level of approximately 20 million euros," reports CBRE.
As CBRE adds, six transactions climbed up to over 90 million euros. These were transactions in the office, retail and industrial real estate segments within four countries. "The largest transactions concerned industrial and office real estate right here in Slovakia and also in Poland," added the company.
"The largest transactions concerned industrial and office real estate right here in Slovakia and also in Poland," added the company.
Within the CEE region, the total volume of investments in the third quarter reached 1.37 billion euros.
"We are looking at significant differences between individual states. Slovakia (EUR 214 million), the Czech Republic (EUR 215 million) and Hungary (EUR 132 million) were particularly successful."
Compared to the third quarter of last year, the volume of investments in these countries increased by up to 78 percent on average. On the contrary, significant decreases were recorded in Poland and Romania, where investment volumes were lower by a total of 55 percent.
Despite the year-on-year decrease of 36 percent, most investments in the CEE region were again directed to the office real estate segment, namely 41 percent. This was followed by logistics and industrial real estate with a volume of 31 percent and retail real estate with investments of 22 percent.
